Net Cash Settlement. In no event will the Company be required to “net cash settle” any such Warrant exercise. The Company, however, is subject to its obligations under Section 7.4. Notwithstanding the foregoing, the shares of Common Stock issuable upon exercise of the Insider Warrants and EBC Warrants shall be unregistered shares, unless, at the time of exercise, the Company has in place an effective and current Registration Statement with respect to such underlying Insider Warrants and EBC Warrants and the shares of Common Stock.
Appears in 4 contracts
Samples: Warrant Agreement (Universal Business Payment Solutions Acquisition Corp), Warrant Agreement (Universal Business Payment Solutions Acquisition Corp), Warrant Agreement (Universal Business Payment Solutions Acquisition Corp)
